Question: https://www.bls.govews.release/empsit.t01.htm 1. Refer to the information given in the link above. Show your work for the calculation of the Unemployment rate and Labor Force Participation

Show your work for the calculation of the Unemployment rate and Labor

https://www.bls.govews.release/empsit.t01.htm

1. Refer to the information given in the link above. Show your work for the calculation of the Unemployment rate and Labor Force Participation Rate (Seasonally adjusted February 2021) for the following categories:

1) Men 20 years and above

2) Women 20 years and above

3) Both sexes 16 to 19 years

Note: The unemployment rate and labor force participation rate are already calculated by BLS and are given in the link. You must show how it is calculated using the formula shown in the power points. (slides 5 and 6)

Force Participation Rate (Seasonally adjusted February 2021) for the following categories: 1)

Men 20 years and above 2) Women 20 years and above 3)

Page of 45 ZOOM + Unemployment rate: The ratio of the number of people unemployed to the total number of people in the labor force. Unemployment rate = Unemployed X 100 Labor Force Labor Force = Unemployed + Employed Labor force participation rate: The ratio of the labor force to the total population 16 years old or older. Labor Force Participation rate =_ labor Force X 100 Population above16 Years

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